The following figures are given for a company: ordinary share capital $50000$ retained earnings at the end of the year $11000$ $8\%$ debentures (2023-2025) $15000$ bank overdraft $8000$ profit from operations $17700$ profit for the year $16500$ What is the return on capital employed?
- A$21.07\%$
- B$21.71\%$
- C$23.29\%$
- D$27.05\%$